Canada

2007-01-29 01:11:51 · 3 answers · asked by Marilyn R 1

I just stated working part-time for like 5 months now.

2007-01-28 07:22:35 · 7 answers · asked by funkyblue 1

2007-01-26 14:04:08 · 2 answers · asked by Dreammaster 1

What I am saying is if I was to not claim my RRSP's every year and cashed them in when I decide to retire, would I still have to pay taxes on them? Has anybody ever done a study to see if it is beneficial?

2007-01-26 08:28:56 · 5 answers · asked by paul_442004 1

I heard the canadian government offers tax incentives if you are 16 and up. I heard if you file your gst, you are eligible to get 100 dollars. I dont have a job, so i can just put 0 on all blanks. I was wondering, what exact forms do i need and what link online do i need? You cannot get the forms for the government yet until Febuary and I really want to get those forms in. Also, I heard you can get the forms online at the grc site, but there are so many. Please tell me all forms to fill out.

Thanks Sonny N.

2007-01-25 04:24:22 · 3 answers · asked by Anonymous

I am working on 2 flip homes in canada, and I will have to hold on to them for a year to avoid paying capital gains, is there any ways I can get around this if I want to get rid of them sooner.

2007-01-24 17:33:51 · 6 answers · asked by Anonymous

Looking to purchases stocks on Toronto Venture Exchange as a US resident.

2007-01-24 01:49:23 · 3 answers · asked by Wondering 1

I am trying to do my own return this year... How do I tell if I have RRSP contributions that were carried forward? Is this mentioned on my last return or on the assessment from CRA? I have a difficult time figuring this out? Thank you.

2007-01-23 15:28:11 · 2 answers · asked by tlc 1

2007-01-23 15:16:31 · 5 answers · asked by tlc 1

I'm not a flashy person, but after 15 years in Sales, I'm noticing that people do judge you from your Image. It's time to put my domestic to rest, but I'm having a hard time picking a good vehicle with price and reliability. I'm looking for any suggestions. I like the Lexus but at $55,000 minumum, it doesn't make much sense for tax deduction up here in Canada. Some help Pleassse.

2007-01-23 13:27:15 · 9 answers · asked by J t 2

capital gains, how long do I have to hold onto the property...any sites would be useful too.

2007-01-21 08:59:45 · 3 answers · asked by Anonymous

2007-01-21 08:09:52 · 3 answers · asked by Anonymous

I have a few online games, and sell stuff on the games for $$$ in USD. This is my own personal small business (trying to be), and I'm canadian. So I'm wondering what do I tax? Like do I tax each item I sell on the game, or just tax the amount that gets withdrawled into my account.

Do I even need to start a business? I'm very lost, been developing games since I was a kid, and now im 21 and don't understand taxes, last month I made over $15,500.

2007-01-20 21:53:50 · 6 answers · asked by Anonymous

2007-01-20 11:35:32 · 4 answers · asked by Anonymous

Lived in Ont. for < than 183 days. Purchased house in US 5/06. Sold house in Ont. 6/06 as non-resident...closed in 07/06. All income sources were US. No employment in Canada, no investments in Canada, no income from Canada.
Surrendered OHIP, closed all CDN credit cards & Ont D. license.
20 yo son attends Queen's U but accepted admission while US resident.
Do we have to file with Canada revenue?

2007-01-20 11:06:00 · 6 answers · asked by Anonymous

2007-01-20 04:09:17 · 4 answers · asked by Ruby G 1

Revenue Canada audit for for past 2 year, The problem I am heaving is that I dont' have past record or recipt. I need help let me know what steps I need to take.
Thanks

2007-01-20 03:32:21 · 4 answers · asked by ayaan 1

Can some one please explain this in a little more detail?


"Taxpayers with employment income will be allowed a non refundable tax credit to compensate for employment related expenses such as work clothes and commuting expenses for wich they are not allowed specific deductions

"For 2006 the ammount on wich the credit is based will be the lesser of:
~the taxpayer's employment income,
~$250"

I understand the ammount on wich the credit is based. Is this something I am going to need to provide reciepts for? Is it just an extra $250 on your refund?

Im in BC but this is Federa taxes

2007-01-19 21:01:31 · 4 answers · asked by Anonymous

Also, can I gift money to my kids and use it as a deduction? If so how much?

2007-01-19 15:46:49 · 3 answers · asked by Ron D 1

Does anyone know the web-site where I can e-mail them my address change? I've moved to a different address 6 months ago, and still haven't recieved my cheques.

2007-01-19 12:11:33 · 3 answers · asked by msbinky5 1

i pay 344 a month for car note which i have to pay for 4 years to pay off my car. well i am about to get my income tax and will be have a little money to go towards my payment. well my dad told me to put some money towards the principle and pay up my car note about 4 months. Have any one done this as far as paying the principle of the car note and a couple of the car payment itself. tell me your experience. The idea is the take a shorter amount of time to pay off my car instead of 4 years

2007-01-19 01:50:57 · 2 answers · asked by justme 3

I am planning to claim my live in boyfriend on my taxes as a dependent, he did not work last year. He owes some back child support. Will my return be penalized?

2007-01-18 11:25:01 · 6 answers · asked by elenikoumpis 1

One person makes almost double the other, but when the paycheks for both arrive every 2 weeks there's not a significant difference between the 2 because the high paying one gets taxed to death.

2007-01-18 10:56:28 · 6 answers · asked by Anonymous

I have yet to claim my tuition from 2001 -2003 on my income tax. Is it too late to claim it? Is there a cut off limit? I don't even know how much unused tuition I have to claim, where would I find this information out? Thanks.

2007-01-17 04:54:22 · 4 answers · asked by Anonymous

How do I get this amount of money? Any ideas!

2007-01-16 14:14:08 · 8 answers · asked by way2mei 2

I always travel to US from Canada, and i want to know how can i claim the goods and services tax paid in US for the expenses i make , i heard there is a form, which i should file and claim the refund, pls can u help me to find the form, i just want the web address where i could get the form?

2007-01-16 08:45:59 · 2 answers · asked by ni li 1

I know this may seem simple enough but I'm drawing a huge blank.

2007-01-16 03:18:20 · 8 answers · asked by Matt B 2

2007-01-14 18:46:10 · 4 answers · asked by rose ruiz 1

I'd like to sell four-to-six month Far-OTM covered calls on ~50 stocks; I'd also sell new 4-6 month calls whenever the prior calls expire. I'll have to make about 5-7 c.call transactions per month.

Since I have a full-time job, are there any tax issues I should be worried about? Can this volume of covered call option sales (upto about 60 sales orders per year for total 100-150 contracts) make me at risk of becoming an "active" trader and having the premiums taxed as income instead of capital gains? And if the premiums do get taxed as income, could that then cause any sales of the underlying equities to be taxed as income as well, or would I be able to maintain capital gains treatment on the underlying stocks?

Each year I make about 40-50 stock buy orders about perhaps about 20 sell orders so I'm probably doing about a 30% yearly asset turnover. The options proceeds would probably be under $12k per year in a $250k portfolio.

2007-01-13 12:50:27 · 2 answers · asked by Anonymous

2007-01-11 02:17:40 · 5 answers · asked by Anonymous